January 4th 2023
Forbes
“This is the way the year ends; not with a bang, but a whimper,” to use a slightly skewed quote from T.S. Eliot. While the New York City real estate market fared better than many others across the country, prices and transaction volume both fell in comparison to 2021. The first four or five months of the year saw transactions on par with the preceding year, but then the market slowed to a whisper as the summer began. Summer doldrums, the pundits said. But it was something more.